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She had taken a loan of Rs 15 lakh for her MBA from a premier institute in India With the fees of most professional courses in India ranging anywhere between Rs 5 lakh and Rs 40 lakh, education loans are simply unavoidable today. Meher Mehta (name changed) has just started her career with an MNC job. Even as she was preparing to give a treat to her friends from her first pay cheque, she was really worried about repaying her outstanding education loan. “Almost 70% of my earnings will go towards the EMI,” says Meher Mehta. Meher and her friends…

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